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<br /> 5. H�rd dr �en�rty Eas�raas�.Borrquer shaall �p the improvern�nts now existing or`Ivem,after erected on,ths _
<br /> Piap�ny insured a�;ainst fuss b�+fire..Gazards included witivn the te�m °extende�wvecage'aat!zny Qiher hanr�ds.i�ci�ding .
<br /> � tIaads or tloadip�.for wtuch I eader�seguires isuuianse.This i�svranc�sbatl6e maintaiaed 'nn the amnaufts aad fot dtc periods
<br /> that[eader req�. '19�insiusiue c��ier proveding thx ias�traace sha11 be,chosen 6y�omawer snbjest ta Leader's appa�ov� - �
<br /> �vhich shall"�iot be nn aceIIabjy Nith3leld. If Boaower fails to maintai�ooYerage descri6ed above. Leader may. at l�eader'S. '_
<br /> option,obtain ooverags ro protect l.eader's righhts in the Property in aocordauce a�ieh pasa�ispl�7. �. ° _-
<br /> � A#f insurasice pfslicies and�ne;�s sha13 be ecr�iaisle to Lcndcr ac�!shall inrludf a stand�n�ttg,�ge r�e.�� � —
<br /> ` � shal!�ave the rig�t to�fiqid the policies aud reaewaLs_If i ender iequires.Borroaea s[�all promptiy gve to L�nder aii reseipss of ' —
<br /> � paid premiums an�reuewal notices.In the event of loss,Bom6wes shail give pramp3 notise to tke insvtance carrier and Lender: .
<br /> Leuder may aiaks pmuf of toss if nat 9made promptly by Bornawer. � .
<br /> Un2ess txadrarand Borro�rer otti�zwisa agee in wrtting,insuiaafle pmce�ds shail.be applied ta res¢a'rarion or�air of the
<br /> . Propeny damaged.if the restorariun oz repais is eoanomiraUy feasible and Lendet's security is nat I�ened.Ff the restoration or
<br /> • r�pair,is not eaqnoau�allY fe�'ble or Lender's securiry wonld be tessened,the insuravice procads siial!�applied tv the sums
<br /> . SECtITOd �y tI]IS SCCIlfltji TnMmment, �tHET Oi AOt tIiCA(IiI2.with au�r excess paid to Borrower. If�orrower a6aitdons the
<br /> ' • Pmgerty,or�aes nnt answer within 30 days a aatice from Leadet�wt the iasurauee carrier tra.s of�e�i to settle a claim,then
<br /> ` Lender may collea the insurance piac�eds. �.en�er.may use t&e prac�ds w�epa'sr or restore the Pr�pesty os to paY s�s
<br /> serared 6y dus Secarity InsWment,whether or not tl�en d�e.The 30-day period an71 hegin cvhen tlte antite is given. .
<br /> tlnless�Lertder a� Hortb�ves otherwise'ag�ee in wtiting, anY aPPkc�ion of pnoceeds to pmtcipal shall uot eatend or
<br /> ' pasipoIIe the dae.daYe of the maathfy payments refecred w in paragiapbs 1 and 2 or chan,�e�e amoant of the pa}mceu�.;If
<br /> �tstder pardg�agh 2I the PraPertY u acqaired h3+L�der.Boaower's rig{it ta azry inswance policies and gmc�etis resulting ff,�m::'�,
<br /> .. damage W the Properey prior to the acquisition�ball pass to Leuder to tke extent of the sunos,sQCUred by thi+s Security In�it' '.
<br /> ...__...._. : imms�diately priQr w t�e acquisition.-- ----�--..-- ------�---.-�-��-�-- - --. .._. . _ . . ..
<br /> 6.Obcnpans}r,�+�V�OIt�Main pnanl7L'i1Qt�FfOtOd(OD�QY�IE PtOjjiCT�9,Bormwc�r's Loan Appti�ation;I.ease6nid9.. .
<br /> -- --'- Bomawer shall oavPY•_esta6lish,,and ase the Property as�qzrmver's pnncipal n�sideuce aid�in sixty days after tbe ea�atton of _ -
<br /> this Secarity Ins�aent�td shatl wa�ue to oaxcpy the Pmgecty as�rrower's principal r+esideuce for�t Ieast ana year�fter� ---
<br /> tI�date of occupagcy.ualess I.eader��hernvise agrees in writiag,�a�consent sbatl not be ua.�asanably�vithhedds OI�SS
<br /> , � exteatuating circa�mstartces.exist ahich are beyand Sorrower's acairol. Bormwer shaU not destroy, damage or i�pair the '
<br /> . Proptrty,allnw the Pmgerry to dEteriaraie,or oommit waste�n the�PropeRy.Borrowe�shall 6e in default,if any'fotfeitttt� �
<br /> action ar pmceeding,whether civil ar esiminal.is begun that in Les{der's�good faith jud�aarent coatd reEUlt.ia faafatare of.tlre
<br /> . • Property or oth�wise materiaUy impair the 6en created by this Set�rity Instrumznt or Iend��.se�urity int�rest.Boaowe4 may
<br /> ciu�s¢ch a defaiilt and reinstate,as gravided l�P�Ph IS,by cansnug.the aaran or Pra�uii�1�t'�, to be�dtsm3ss��witb a niling :
<br /> 'that. in i:cader's��ed faith determi�a.:.r*�on,.preciudES forfeiture of the Borr+o�aer's pater�st�iu��thz Property or othet maierial
<br /> impairutent v�the i�e�c��ed by this 6e��rity insr,*r;r.�ent or Lender's secur�3y:-Untems�Borrower shal�ffL�o l�in defauit if ,
<br /> ` .,'�3oaovrpt,Ch'n'n;.dz�Tmiti';it�tir�iion process.gave�erially false ar inc��.:il�'um�tion or stalemeats.t;ti�Lettder(ar faitEd • ..
<br /> tsi pruvide�4:���+aa��j,rii�matesial i�formatian}in cannection aittt�the taan�lf�nced by the Nate.iticluding;6nt uab 1d�ra:ted
<br /> as.repr+��irid7is c�cenun�Boaower's accugancy of the Progcct�r.;as'a print;��al residence.IE tIIIS SEGUTli9/inctnTm�n':�g;.��a
<br /> teasehold, 8omuwer sBraJ comply witli ali the pmvisions of tlie lease. If$urr,ower asquires fee dtte to the Pcape�tlrr'titte
<br /> teasefiold and thc fee.tiizte shall not caerge un2ess Lender a�to the merger�:�qr�t.�g. � ' _
<br /> . 7:Ptotedion ogT:��'s Rig6ts in the Propertq.If Borrower faiJs to�Sa'�the covenams aad a�cbntained in
<br /> ' ti�is Sec�irity Iastmment,ar therE is a lega!pmcee�ling that.may sigaifieantiy af�ect Lender's rig�ts in the Property(such as a .
<br /> . proceeding ia banla�r�try.pm,baaK+ee,for condemmation or.forFeiture ar to et�orce laws or regulations).then Lender may dv and.
<br />- pay for.whatever is.necessary.w protsct the valae of the Property and I.ender's rights in the Property:le�r's acdaas may . .
<br />` include.payiqo any svms secured by a lie�whf� 15as priority ove� ihis �CtaritY��• aPP�!�S � ��,.P�ng
<br /> . re�saaabie auomrys'fec��d emering oa the PropeFtyto mage,repaus.Altt�mig�Leader may take aaroa ander tHis Par�raph
<br /> ', ' � 7.I.ender doc�s not have to do so. . , . .�,:,. . .
<br />� . •Any s�nuuts disDvrsed by Leader under this paragragFa 7 shall 6etome a+dditionai debt nf Borrower secured�'kiy"��
<br /> Sece�riry Instrument. Unless Bonuwer ared Leader agree to uther terms of paymera.t6�e announts shall b�ar iAt�st fmm. e
<br /> date of disbursement at tke Nate rate�d shall be payabte, witd lnterest, upon��noticc imm Leader co�Borrower reqnestiag
<br /> PaYmeffi: .
<br /> ' $.•tllort�ge Insarlaee.If Lasder required mort$age i�suranoe as a oondititm of tpatdn�ttie.loan seiriced by this Security
<br /> Iustsaucent. Eoimwer sha�l pay the premiums.required�t�maiimin the moitga;e insuranee in ef��ct. 1f. for.anyr mason. the. . .
<br />, mnrtgebe insurance ooviceage required by Lender lapses or ceases•to be in effon.Barrower.shall pay the preminms reqt�ired to .
<br /> obtain caverage substwtially equivalem w th�mor�a�e Insurance previously in effect.at a oost substantialIy eijuiv2leat ta Ne
<br />, oosl to Sarrower of the mortgage i•+���+��previonsty in effect.from an attem�te mongage ins�rer appmved by I.en�er.�If •
<br /> substantiaUy equivaient mostgage lnsutar�e coverage is qad avail�le,Boimwer sliall pay m Ia�er e:arfi m�nth a sum equal to
<br /> . � anc�twelfth of the yearly mnrtga�e insur�oe premitim bein�paid by Borrower when the insulamLe caverage lapsed or oeased to
<br /> be in effe�.laader will aocept,use and�retain these paymcnts ag�a loss tescrve in tiw of zuortgage insuranoe. Loss reserva
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